NOK (TSE:7240) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is NOK LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. NOK's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

NOK's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.02) to Dec. 2023 (0.02).

NOK LT-Debt-to-Total-Asset Historical Data

The historical data trend for NOK's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NOK LT-Debt-to-Total-Asset Chart

NOK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

NOK Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

NOK LT-Debt-to-Total-Asset Calculation

NOK's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	18871	/	952379
	=	0.02

NOK's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	16411	/	926827
	=	0.02

NOK (TSE:7240) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

NOK LT-Debt-to-Total-Asset Related Terms

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NOK (TSE:7240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NOK Corp (TSE:7240) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

3-13-12 Mita, Mita MT Building, Minato-ku, Tokyo, JPN, 108-0073

Website

http://www.nok.co.jp

NOK Corp is a Japan-based company engaged in manufactures oil seals and industrial rubber products for automobiles. It manufactures seal products, industrial mechanical parts, hydraulic and pneumatic equipment, nuclear power equipment, synthetic chemicals, amongst others. The company's business segments include, Seal business, Electronic Device Product business, Roll business and Other businesses.

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